New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-09
FOREIGN PETROLEUM.
WHAT THE coNsULs HAVE DISCOVERED
THE RUSSIAN OIL FIELD-coNpETrTIoS AT VARIOUS

THE RUSSIAN OIL FIELD-CoMPETrTIoS AT VAhiooo
POINTS. .
v.suxoroS May s-Another volume, NO. 10 VI
Consular Reports has been issued oy tne o'a'o
mont from which much Information concerning 'no 80
dItion and prospects the petroleum trade
Tho renort of Consular Agent Chambers, OF Batou Oh
puss,an petroleum will tend somewhat to reassure
American producers and exporters. REFERRING W w
production of the Bsku oil territory Mr.. Cnanoois sag
does not appear a. be So e e It da six
FOR then the quan that could be placed IN Psn clearly
demopstated that years business cannot ~ are nr
increased until add0na tarTyns capacity Of railway
at present estimated by the most SanSuno 70 10
TSe Russian Government has offered concession lot
ppe line ON certain conditions, one OF which precuucs
tho possibility of American competition MI '"A'Di
adds: ,,., 49,. ...
Will, merely say that tho sixteen conditions there are
eight any ono Of which would oe1eHEe Of the pipene
business from accepting this concession. 49,
Mr.. Chambers states that while tho Baku territory
sbows no more marked signs OF exhaustion than IL u'u
ak months ago. "nevertheess the feeling that IL NOV
nexhaustibe seems to gaining ground among those
most some OF the best advised OF whom ae
having as they claim made n careful ana inteihsehs
study of the subject with the aid OF both praetce anu
science declare that the present developed terr'oy wiz
be wholly exhausted in five years Respecting inc nD
Eibat we'll near Baku, sensational statements Oh wnen
were published in the United States last fall ana wnicn
o said N flow Mt the rate OF so 900 barrels day. MI
Chambers says
The well flowed furousy fourteen or fifteen days then ds
cned 10 900 900 barrels per day ana Wnen sni
aoon ree w hawsyer lad produced all that the most
sSngUine claimed for had been oo soia az
| tribe more than the average cost of a Baku well
Consul Plumacher OF Maracaibo, Venezuela remarks
that hs has heretofore "called attention to the bad
ouatv NJ The American kerosene sold In venezuelan
markets and tho possibility OF extensive production ol
the refined article in this co1ntry.' and continues
| The manager OF the works which for several
near the town OF Belijogue in this consular aus
tric a day two ago rom Which
he held for the exclusive right refining native
section OF Venezuela TO the Ehgsh The new re-
Zine II proposed by British concess onares 70 90
business large scale with view not G 20 am OK
the supplying OF local demand but also 70 ih@uS w.
! port trade In petroleum and It's products ..-
The Consul complains that Europeans mako Det'et
nae NJ our consular re ports than do own ctzens
Consul SEYMOUR OF Canton China, who adverts 10 the
increased importation and consumption OF American
kerosene I'm Southern China calls attention 10 IN lac'
that the Chinese authorities have increased the Ah
fay which Is tax separate from the import duy OH
kerosene from forty to 81 80 per case Last year
| the " Ilkin tax was collected on 22O'ooo cases
Consul Mofet OF Athens Greece. reports that the pc
troeum monopoly Of the Greek Governments winch ca'he
into force in February, 1881 sold about lo-'o"o s
ions last year aud that despite the high price
nfty-seven cents per gallon-the quahV Oh 'he vi - "
| ferior. He adds ~,
stan oil recently Imported told that the quality Is better
than the American oil and gives gcca ent snvpiv hs
Creek Government monopoly with petroleum VIII III AMI nm
have contend agans lower LII, The GERMAN agent.
Of The I'm these two points ee y "
steady aud rapid decline in the demand Tor American p0o